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TERMS OF SERVICE

OVERVIEW
This website is operated by JSC Biochimpharm. Throughout the site, the terms “we”, “us” and “our” refer to JSC Biochimpharm. Biochimpharm offers this website, including all information, tools and services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.
By visiting our site and/ or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/ or contributors of content.
Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.
Any new features or tools which are added to the current store shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.

 

SECTION 1 – ONLINE STORE TERMS
By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence, or that you are the age of majority in your state or province of residence and you have given us your consent to allow any of your minor dependents to use this site.
You may not use our products for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws).
You must not transmit any worms or viruses or any code of a destructive nature.
A breach or violation of any of the Terms will result in an immediate termination of your Services.

 

SECTION 2 – GENERAL CONDITIONS
We reserve the right to refuse service to anyone for any reason at any time.
You understand that your content (not including credit card information), may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer over networks.
You agree not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the service is provided, without express written permission by us.
The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.

 

SECTION 3 – ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION
We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.
This site may contain certain historical information. Historical information, necessarily, is not current and is provided for your reference only. We reserve the right to modify the contents of this site at any time, but we have no obligation to update any information on our site. You agree that it is your responsibility to monitor changes to our site.

 

SECTION 4 – MODIFICATIONS TO THE SERVICE AND PRICES
Prices for our products are subject to change without notice.
We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice at any time.
We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service.

 

SECTION 5 – PRODUCTS OR SERVICES
Certain products or services may be available exclusively online through the website. These products or services may have limited quantities.
We have made every effort to display as accurately as possible the colors and images of our products that appear at the store. We cannot guarantee that your computer monitor’s display of any color will be accurate.
We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any products or services that we offer. All descriptions of products or product pricing are subject to change at anytime without notice, at the sole discretion of us. We reserve the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited.
We do not warrant that the quality of any products, services, information, or other material purchased or obtained by you will meet your expectations, or that any errors in the Service will be corrected.

 

SECTION 6 – ACCURACY OF BILLING AND ACCOUNT INFORMATION
We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e-mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.
You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.

 

SECTION 7 – OPTIONAL TOOLS
We may provide you with access to third-party tools over which we neither monitor nor have any control nor input.
You acknowledge and agree that we provide access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of optional tools offered through the site is entirely at your own risk and discretion and you should ensure that you are familiar with and approve of the terms on which tools are provided by the relevant third-party provider(s).
We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.

 

SECTION 8 – THIRD-PARTY LINKS
Certain content, products and services available via our Service may include materials from third-parties.
Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third-parties.
We are not liable for any harm or damages related to the purchase or use of goods, services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party’s policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.

 

SECTION 9 – ERRORS, INACCURACIES AND OMISSIONS
Occasionally there may be information on our site or in the Service that contains typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders if any information in the Service or on any related website is inaccurate at any time without prior notice (including after you have submitted your order).
We undertake no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.

 

SECTION 10 – PROHIBITED USES
In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the site or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.

 

SECTION 11 – DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the service will be accurate or reliable.
You agree that from time to time we may remove the service for indefinite periods of time or cancel the service at any time, without notice to you.
You expressly agree that your use of, or inability to use, the service is at your sole risk. The service and all products and services delivered to you through the service are (except as expressly stated by us) provided ‘as is’ and ‘as available’ for your use, without any representation, warranties or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall Biochimpharm, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the service or any products procured using the service, or for any other claim related in any way to your use of the service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted, or otherwise made available via the service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.

 

SECTION 12 – INDEMNIFICATION
You agree to indemnify, defend and hold harmless Biochimpharm and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.

 

SECTION 13 – SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.

 

SECTION 14 – TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).

 

SECTION 15 – ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.

 

SECTION 16 – GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of, Georgia.

 

SECTION 17 – CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.

 

SECTION 18 – CONTACT INFORMATION
Questions about the Terms of Service should be sent to us at info@biochimpharm.com

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5 February, 2018

A “Viral” Startup

Well-known to Georgia, but new to the West: how Phage Nutraceuticals’ founder & CEO Rati Golijashvili uses bacteriophages, viruses, to disrupt a global market.

The high ceilings of the early 1900s medical building, and the heavy metal doors, combined with old Georgian and Russian medical books on phage therapy and bacteriophage research may seem an unlikely spot for a hot high tech startup, but for the fast rising Phage Nutraceuticals, this is their homebase.

Forbes meets with the startup’s founder, Rati Golijashvili, in the heart of the century old research facility on bacteriophages, just off Saakadze square, in Tbilisi. Slightly out of breath, but full of energy, Rati runs into the office where we are waiting for him. He apologizes for being late, but the snowstorm hitting Tbilisi overnight had made the trip from his family home in the dacha town Saguramo, 30 kilometers outside of Tbilisi, a bit of a hurdle.

Born into a family of biotech entrepreneurs, with his father founding the only phage pharmaceutical company in Georgia in the early 1990s, Rati knows the field he is getting himself into extremely well. And by focusing on the US market, he has a clear competitive advantage: no one knows what phages are, and there is hardly any competition, let alone from a young creative entrepreneur from a country that has led the research on phages for almost a century.

PHAGES, WHAT ARE THEY, WHAT DO THEY DO, AND WHY DOES IT MATTER?

Rati calls phages the “black matter of the earth, which are the most abundant naturally occurring microorganisms on earth,” bacteriophages, or phages for short, target and destroy bacterial cells. Phages live in seawater, freshwater, soil and sewage slurries. There are around 1030 – 1032 phages in the biosphere and every 48h, phages infect and destroy about half the bacteria in the world. And different from antibiotics, phages only target particular bacterial species they are linked to.

But in the United States, after the discovery of antibiotics in the mid 20th century, the research into bacteriophages halted – antibiotics seemed an easier and more cost effective approach. Hidden behind the iron curtain, however, research and treatment continued. These studies were extensively published in non-English (primarily Russian, Georgian and Polish) journals.

And this is the field Phage Nutraceuticals is jumping into very cleverly. Not by offering pharmaceutical products replacing the well trusted antibiotics, but by offering preventive supplements and nutraceuticals for travelers, Travelphage™, and overall health improvement.
Rati was, already for years, contemplating new uses for phages in different fields, not just pharmaceuticals. While working at his father’s company Biochimpharm, he knew the implications of phages could potentially be huge. And this is where the innovation comes in.

One of the products Rati is developing is a supplement balancing out the good gut bacteria. A well-researched topic, it’s been known for decades that harmful bacteria in your stomach affect your overall health. As a countermeasure, probiotics were introduced. Unfortunately, probiotics only add healthy bacteria to the gut, but are not capable of eliminating the harmful ones. And that’s where phages come in. By combining several different phages attacking the harmful bacteria, probiotics are more likely to have a successful outcome, building a healthy microflora.

“It’s the door to your immune system and your overall health, even your mental health,” Rati says about the gut’s microflora, “and if it’s not balanced, your overall health won’t be too. And the balance depends on good and bad bacteria; with phages, you can easily eliminate, or control those bad ones.”

A STARTUP ROLLERCOASTER

When Rati founded his startup end of spring 2016, he couldn’t know the rollercoaster he would get himself into. Winning the startup pitch event Startup Georgia by GITA in July 2016, Phage Nutraceuticals was awarded with GEL100.000 in pre-seed funding, has been taking part in an intensive incubator program, with mentor advise from Silicon Valley, and is likely to take a trip to the heart of startups in Silicon Valley self, and pitch their products to investors in the States.

“As any startup, we are looking for a next round of investments, the seed round,” Rati says, “But we will already have our first products ready by the second half of 2017, even though we are really an early stage startup.” and they will start selling the products in the US, online.

And Rati is confident in his products, “the products we’re developing are a solution to actual problems, and they are doing so in a new, innovative manner.” That is why he believes his startup will get the attention of investors abroad.

BIG RISKS YIELD BIG RESULTS?

With phages being an unknown treatment course in the West, one of the major hurdles Phage Nutraceuticals has to take is a lack of trust. I ask Rati if he is not concerned consumers in the United States, the startup’s primary market, will have a hard time being convinced that viruses from the former Soviet Union can help with their health?

“We always fear anything that we don’t know,” Rati says confidently, and adds that “as information [about phages] spreads, more and more people will understand it’s safe, because it is.”
And that combined with a strategic online marketing plan, should mitigate for any distrust from the customers’ side.

A STRATEGIC LOCATION AND CONTRACTOR

Rati works with his startup from his family’s company’s office, and has full access to the whole team at Biochimpharm on a contractual basis. And for Rati, this is a major asset.

“This is such a unique product, and we have the knowledge right here. I see it as an advantage,” Rati explains, while adding that he is confident potential investors will understand this as well.
To my question if he would move his startup completely to the United States, including lab personnel, if an investor would request this as precondition, he tells me he can’t talk for everyone, and he is not sure.

“We have discussed this issue with our advisors several times and looking at the competitive advantages Georgia has in the field of phages, I think investors won’t be afraid to invest in Georgia.”

And while we finish our interview with a quick tour of the lab and the factory, Rati’s confidence his products will be a success, shines through. And confidence is maybe one of the most important factors in setting up a prosperous startup.

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